Can I claim standard business expenses incurred earlier than the date my LLC was formed?
What can be written off on taxes for an LLC?
What Can Be Written off as Business Expenses?
- Car expenses and mileage.
- Office expenses, including rent, utilities, etc.
- Office supplies, including computers, software, etc.
- Health insurance premiums.
- Business phone bills.
- Continuing education courses.
- Parking for business-related trips.
What can I write off on my taxes as LLC business owner?
When you’re totaling up your business’s expenses at the end of the year, don’t overlook these important business tax deductions.
- Auto Expenses. …
- Expenses of Going Into Business. …
- Books and Legal and Professional Fees. …
- Insurance. …
- Travel. …
- Interest. …
- Equipment. …
- Charitable Contributions.